In the second blog in our online debate series on ‘Public Finance Choices for the Left’, Ross Campbell, ICAEW’s Director of Public Sector, analyses how a future Labour government can ensure the public finances are sustainable in the long run. Here he argues that an equilibrium must be struck between creating the conditions to encourage economic growth, running government efficiently and setting sustainable tax rates, to ensure fiscal sustainability.
There is a significant prospect of a Labour government in the next few years – and of one that is not afraid of challenging the public policy orthodoxies of the recent past. The ‘Public Finance Choices for the Left’ project will explore the public finance dilemmas and options which might face an incoming government, in anticipation that Labour ministers may soon be in power.
Read more about the project here.